OPEN-SOURCE SCRIPT
Updated Trend-Following Colored Bars w/ Signals
TheTechnicalTraders trendfollowing
Easy way to follow the trend.
Easy way to follow the trend.
Release Notes
Trend Bars with Signals: Visualize the Trend, Simplify Your TradingTired of cluttered charts and confusing signals? Trend Bars with Signals is a powerful yet intuitive all-in-one indicator designed to give you an instant, crystal-clear view of market trends. By coloring the price bars based on their position relative to a key moving average, this tool helps you cut through the noise and focus on what matters most: the direction of the trend.
Key Features:
Dynamic Bar Coloring: Instantly identify bullish or bearish momentum. Bars turn green when the price is trending up and red when it's trending down. No more second-guessing the prevailing market sentiment!
Customizable Moving Average: The core of the indicator is a fully customizable Simple Moving Average (SMA). By default, it's set to a classic 50-period SMA, but you can easily adjust the length to fit your specific trading style and timeframe—from short-term scalping to long-term investing.
Clear Buy & Sell Signals: To make your decisions even easier, the indicator automatically plots clean, unambiguous signals directly on your chart. A green triangle appears when the price crosses above the moving average, suggesting a potential buying opportunity. A red triangle appears when it crosses below, highlighting a potential selling opportunity.
How It Simplifies Your Trading:
This indicator is built for clarity and speed. It allows you to:
Identify Trends at a Glance: The color-coded bars provide immediate visual feedback, helping you stay on the right side of the market.
Spot Potential Entries and Exits: The crossover signals provide clear, actionable points for entering or exiting a trade, removing emotion and hesitation from your analysis.
Declutter Your Workspace: By combining trend analysis, bar coloring, and entry signals into a single, elegant tool, you can reduce the number of indicators on your chart and focus on clean price action.
Whether you're a beginner looking for a simple way to understand market direction or an experienced trader seeking a clean and effective confirmation tool, Trend Bars with Signals is the perfect addition to your trading toolkit.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.